President-elect Donald Trump has tapped Stephen Miran, a former Treasury official from his first administration, to lead the Council of Economic Advisers (CEA). By selecting Miran, Trump is bringing seasoned leadership back to Washington to shape economic policy.
“Steve will work with the rest of my Economic Team to deliver a Great Economic Boom that lifts up all Americans,” Trump said in a Truth Social post on Sunday.
Miran, who has been critical of the Biden administration, particularly Federal Reserve Chair Jerome Powell, previously condemned Powell’s push for more aggressive fiscal and monetary stimulus in October 2020. At that time, Powell advocated for additional economic measures to accelerate the pandemic recovery.
Miran to Help Implement Trump’s Economic Vision
The White House Council of Economic Advisers is a three-member team that provides economic policy advice to the president. Miran will play a central role in advising Trump on policy matters and promoting those decisions. His insights and recommendations will be key to shaping the administration’s economic agenda and achieving its broader goals.
Currently a senior strategist at hedge fund Hudson Bay Capital Management, Miran expressed his gratitude for the nomination. “I look forward to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans!” he posted on X.
Miran’s appointment is subject to Senate confirmation. Last month, Trump also named Kevin Hassett as chair of the National Economic Council and nominated Paul Atkins to replace Gary Gensler as SEC Chair.
Miran has gained significant support from the crypto community, including Michael Saylor, executive chairman of MicroStrategy. In a recent interview with The Bitcoin Layer, Miran criticized the current financial regulatory framework, calling it overly restrictive and a hindrance to financial institutions.
He also emphasized the importance of innovation in driving economic growth, specifically pointing to cryptocurrency as a potential catalyst for economic prosperity.
“I think crypto will have a big role in innovation and ushering in a Trump administration economic boom,” Miran said in the interview.
On Sunday, Miran reiterated his commitment to implementing Trump’s vision: “I look forward to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans,” he said on X.
